Commodities News and Headlines
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Commodities Pulse
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The ongoing Iran war has triggered a sharp rise in global fuel prices, directly inflating transportation costs for fresh produce. As shipping expenses climb, retailers are passing the added burden onto consumers, resulting in higher grocery bills for fruits and vegetables. The price pressure is already evident across major U.S. markets, where produce costs have jumped 5‑8 percent in the past month. Analysts warn that sustained fuel volatility could keep produce prices elevated for the remainder of the year.
BMI analysts at Fitch raised the 2026 global diesel price forecast to $111 per barrel, a 25 percent increase from the prior $89 estimate, citing an extended U.S.–Iran conflict that tightens Strait of Hormuz flows. The conflict, now projected to last...
Thai Prime Minister Anutin Charnvirakul warned that the nation’s fuel crisis will deepen as diesel prices surged to a record 50 baht per litre (about $1.54). Justice Minister Rutthaphon Naowarat said roughly 57‑58 million litres of oil appear to have...
Philippine oil majors announced diesel price hikes of roughly P20 per liter (≈ $0.36) effective April 7, with Shell Pilipinas leading at P19.80, followed by Petron, Seaoil and Jetti. Gasoline and kerosene prices also rose double‑digit, ranging from P4.90 to P5.90 and P8.10 to...
India’s metal and mining sector is poised for a near‑term earnings rebound, driven by stronger domestic steel demand and rising commodity prices. A sharp recovery in steel prices since December 2025 is expected to lift ferrous margins in Q4 FY26, while...
Oil prices slipped on Monday after reports that the United States and Iran were engaging in indirect negotiations for a potential 45‑day cease‑fire. Brent crude for June delivery fell 0.4% to $108.56 a barrel, down from an intraday high of...
Union Bank of India’s latest outlook predicts crude oil will stay in an $80‑85 per barrel band through 2026, dismissing expectations of a drop to $70. The report warns that prices breaching $100‑120 could trigger a sharper monetary response from...
Diesel in the Philippines is set to breach ₱170 per liter (about $3.10), underscoring rising fuel costs amid global supply shocks. Meanwhile, the Recto Bank offshore block, estimated to hold 16‑20 TCF of gas and up to 5.4 billion barrels of oil,...
Rising gold prices are inflating engagement and wedding ring costs, pushing average prices up 47% year‑over‑year to $2,408 by 2025. While lab‑grown diamond prices have fallen 40%, the gold premium dominates price hikes, prompting 25‑30% of shoppers to delay proposals...
India’s auto dealers warn that the West Asia conflict is disrupting supplies and inflating costs across the automotive supply chain. Rising oil, gas and metal prices have lifted logistics expenses and prompted manufacturers like Maruti Suzuki to consider price hikes....
Rising crude‑oil prices and heightened Iran‑U.S. tensions pushed Indian equities lower on Monday. The BSE Sensex fell about 120 points (‑0.16%) to 73,199 and the NSE Nifty slipped 13 points (‑0.06%) to 22,700. Brent crude rose to $109.78 per barrel...
Within weeks of the U.S.-Israeli attack on Iran, Tehran’s near‑shutdown of the Strait of Hormuz halted roughly 20% of global oil and LNG transit, sending crude prices up 55% and gasoline up about $1 per gallon. The disruption exposed the...
The war in Iran has effectively blocked the Strait of Hormuz, cutting global oil supplies by about 10 % and pushing Brent crude above $100 per barrel. The disruption also curtails LNG flows, tightening energy inputs for power and fertilizer production....
Philippine headline inflation is projected to rise sharply in March, with estimates ranging from 3.5% to 4.3% after February’s 2.4% rate. The surge is driven by higher oil, electricity and food prices, especially rice. Analysts warn the reading could push...
Goldman Sachs analysis says the world is not running out of oil despite the Middle East conflict disrupting the Strait of Hormuz. Asian economies that source roughly half of their fuel from the Gulf are feeling strain as shipments fall,...
